European Markets Kick Off with Gains

Major European stock markets started the day on a positive note this Tuesday, buoyed by the latest economic data releases. The United Kingdom reported an uptick in annual house price growth, while Switzerland shared encouraging figures on retail sales for February.

Investors Eye Inflation and PMI Reports

With the euro area's inflation data on the horizon, along with PMI reports from the UK, Germany, and the Eurozone, the financial community is on high alert for indicators that could sway market directions in the coming days.

Market Performance at a Glance

The DAX led the charge with a 0.69% increase at opening, closely followed by the FTSE 100 and CAC 40, which rose by 0.59% and 0.60% respectively. The Euro Stoxx 50 wasn't far behind, marking a 0.62% gain as trading commenced.

Currency Movements

Meanwhile, the euro and the pound held steady against the dollar, trading at $1.08090 and $1.29244 respectively at 8:58 am CET, signaling a cautious optimism among traders.

Stay tuned for more updates as the day unfolds.